Fixing your
credit is not an overnight process but you can get
started right away. Here are some steps that you can
take:

Get a credit card. If
you have no credit you absolutely need one. But only
spend what you can afford, and pay off the balance
at the end of each month. Never drag on a balance by
paying the minimum unless you have no other choice,
otherwise you will end up paying high interest
rates. Since you have bad credit you might need to
get a secured credit card. A secured card offers no
risk to the credit card company as you have to have
a balance with them upfront.

Another type of loan
that can build your credit is called a passport
loan. This is when you have money in your savings
account, you then borrow that money and pay off
interest each and every month.

The best way to build
your credit is to make payments on time each and
every month. Try never to be late, eventually your
on time payments will start to accumulate and this
will be reflected on your credit score. This is a
slow process and there is no magic wand that can
speed up the process.

You just need to be
patient, to do what makes economic sense, which is
paying loans and debt off as quickly as possible to
avoid interest charges, and eventually you will have
a better credit.